Amendment to the effective rate of Basic Customs Duty (BCD)
Seeks to further amend notification No. 50/2017- Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD)- Notification No. 02/2022-Customs
G.S.R. …..(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-
In the said notification, –
I. in the Table, –
(1) S. No. 3A and the entries relating thereto shall be omitted with effect from the 1st day of May, 2022;
(2) S. No. 4 and the entries relating thereto shall be omitted;
(3) (a) for S. No. 6 and the entries relating thereto, the following S. Nos. and entries shall be substituted, namely: –
| (1) | (2) | (3) | (4) | (5) | (6) |
| “6. | 0306 | Live Vannamei shrimp (Litopenaeus vannamei) | 10% | – | – |
| 6A. | 0306 | Live Black tiger shrimp (Penaeus monodon) | 10% | – | – |
| 6B. | 0306 19 00 | Frozen Krill | 15% | – | – |
| 6C. | 0307 32 00 | Frozen Mussels | 15% | – | – |
| 6D. | 0307 43 20 | Frozen Squids | 15% | – | -”; |
(b) S. Nos. 6, 6A, 6C, 6D and the entries relating thereto shall be omitted with effect from the 1st day of May, 2022;
(4) S. Nos. 12, 13, 14 and the entries relating thereto shall be omitted with effect from the 1st day of May, 2022;
(5) (a) for S. No. 15 and the entries relating thereto, the following S. No. and entries shall be substituted, namely: –
| (1) | (2) | (3) | (4) | (5) | (6) |
| “15. | 0511 10 00 | Bovine Semen | 5% | – | -”; |
(b) S. No. 15 and the entries relating thereto shall be omitted with effect from the 1st day of May, 2022;
(6) S. No. 22 and the entries relating thereto shall be omitted with effect from the 1st day of May, 2022;
(7) S. No. 26 and the entries relating thereto shall be omitted;
2. Save as otherwise provided, this notification shall come into force on 2nd February, 2022.
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